The Hops Extract Market has experienced substantial growth in recent years, driven by increasing demand from the brewing industry and the rising popularity of craft beers and flavored beverages. Hops extract, derived from the hop plant, is valued for its unique aroma and bitterness properties, making it a crucial ingredient in beer production. Additionally, its potential applications in the pharmaceutical and cosmetic industries have contributed to its market expansion, indicating promising opportunities for stakeholders in this dynamic and evolving sector.

The report " Hops Extract Market, By Product Type (CO2 Extract, Isomerized Extract, Oil Extract), By Nature (Organic and Conventional), and, By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Trends, Analysis and Forecast till 2030”

Key Highlights:

·         In August 2022, Aldi has launched it’s first-ever CBD beauty range from just £1.99. Aldi has launching a latest new CBD beauty Glycerol and Hops Extract to stimulate collagen production and hydrate and repair skin. This can be used alongside the Lacura CBD Toner (£4.99), packed with Glycerol and Sodium PCA to reduce wrinkles.

·         In June 2018, Peak Health and ImmunoG™ Medical Marijuana, Inc. Announces partnership with ImmulusAG, the first-ever publicly traded cannabis company in the United States, to distribute the first and only hops (active brand Humulus) derived cannabidiol (CBD) product.

Analyst View:

The hops extract market shows immense potential for sustained growth. The continual innovation in brewing techniques and the diversification of product offerings, including non-alcoholic beverages and health supplements, are expected to drive the market's expansion. Furthermore, consumers' growing interest in natural and botanical ingredients positions hops extract as a favored choice, making it a compelling investment prospect in the beverage and allied industries. However, factors like climate change impacting hop production and fluctuations in raw material prices warrant close monitoring for market participants.

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Key Market Insights from the report:

Hops Extract Market accounted for US$ 1466.9 Million in 2020 and is estimated to be US$ 2045.67 million by 2030 and is anticipated to register a CAGR of 3.4%. The Hops Extract Market is segmented based on Product Type, Nature and Region.

·         Based on Product, Hops Extract Markets is segmented into CO2 Extract, Isomerized Extract, and Oil Extract.

·         Based on Nature, Hops Extract Markets is segmented into Organic and Conventional.

·         By Region, the Hops Extract Markets is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Hops Extract Market:

The prominent players operating in the area S. Steiner. Inc., Aunutra Industries Inc., Glacier Hops Ranch Inc, BSG Hops, John I. Hass Inc, Bristol Botanicals Limited, Yakima Chief Hops LLC, Hopco Pty Ltd, Kalsec Inc., Indena S.p.A. and Aromatrix Flora Pvt. Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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